US issues general license for wind-down activities in Hormuz as new Iran sanctions imposed
According to the license, wind-down operations are permitted until September 12, and any payments made under the license must be made via specific protocols within the US
Assessment
The general license creates a narrow window for businesses to exit Iranian-related operations in the Strait of Hormuz while new sanctions take effect. The payment protocol requirement keeps transactions under US oversight even during the wind-down. This suggests enforcement will be deliberate but firm, leaving open the question of whether the September deadline will be extended or tightened.